Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Insider Buys 7,863 Shares of Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) insider Mario J. Gabelli acquired 7,863 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $82,561.50. Following the completion of the purchase, the insider now directly owns 7,863 shares of the company’s stock, valued at $82,561.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

The Gabelli Healthcare & Wellness Trust Stock Performance

NYSE:GRX traded up $0.04 during mid-day trading on Wednesday, reaching $10.54. The stock had a trading volume of 16,164 shares, compared to its average volume of 31,516. The stock has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $10.33. The Gabelli Healthcare & Wellness Trust has a 12 month low of $8.85 and a 12 month high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.69%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after purchasing an additional 55,282 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 2.2% in the first quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock worth $2,275,000 after purchasing an additional 4,818 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the second quarter worth $1,056,000. Cetera Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the first quarter worth $2,254,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth $191,000.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.